BidenPresident
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President Biden, amping up a populist pitch in his re-election campaign, has repeatedly said he would raise taxes on the wealthy and corporations to make them pay their “fair share.”
Republicans say Mr. Biden has “an unquenchable thirst for taxing the American people.”
So it might come as a surprise that, in just over three years in office, Mr. Biden has cut taxes overall.
An analysis prepared for The New York Times by the Urban-Brookings Tax Policy Center, a Washington think tank that studies fiscal issues, shows that the tax cuts Mr. Biden has signed for individuals and corporations are larger than the tax increases he has imposed on big corporations and their shareholders.
https://www.nytimes.com/2024/03/25/us/politics/biden-taxes-cuts.html
Republicans say Mr. Biden has “an unquenchable thirst for taxing the American people.”
So it might come as a surprise that, in just over three years in office, Mr. Biden has cut taxes overall.
An analysis prepared for The New York Times by the Urban-Brookings Tax Policy Center, a Washington think tank that studies fiscal issues, shows that the tax cuts Mr. Biden has signed for individuals and corporations are larger than the tax increases he has imposed on big corporations and their shareholders.
https://www.nytimes.com/2024/03/25/us/politics/biden-taxes-cuts.html